FINRA Broker Dealer Firms |Securities Practice|

FINRA Broker Dealer Firms

Many broker-dealers have internal legal counsel who are simply not equipped to handle FINRA arbitration on their own. In a recent case, FINRA No. 17-02630, a firm’s general counsel sued a former broker for breach of contract and indemnification, seeking over $326,000 in damages. The broker walked away with over $43,000 in attorneys’ fees – and he represented himself! Apparently for that firm, this was not an isolated event. And it’s more common every day in this business that firms’ legal departments don’t know how to litigate on their own.

Hiring outside counsel, broker-dealers often go with big law firm names, spending over $700 to $1,000 an hour to get results that are no better. Being the “Chief Risk Officer” means finding the best outside counsel for the money. Call us today and compare.

The Attorneys at Securities Practice Group Provide Legal Counsel & Representation for RIA Formation and Registration.

|Securities Practice|

RIA Formation & Registration

You need to do it right the first time. Save time and money by hiring professionals who know what they’re doing. Read More »
|Securities Practice|

Succession Planning

Protect your reputation long after you have sold your firm. Read More »
|Securities Practice|

Service Provider Contracts

Even business decisions like outside vendors pose legal questions you need answered – quickly and decisively – so you can get back to running your firm. Read More »
|Securities Practice|

FINRA Member Broker Dealer Firms

Christopher H. Tovar has been on the defense side of investor claims since 2007 after spending several years representing investors. He has also helped numerous brokers defend themselves from investor claims and in disputes with their employers. Read More »

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Securities Practice Group

The Law Offices of Christopher H. Tovar, PLLC
3990 Chilson Road
Howell, MI 48843
(832) 370-3908

mjolnir |Securities Practice|

The Law Offices of Christopher H. Tovar, PLLC are headquartered in Southeast Michigan. Christopher H. Tovar is licensed in Michigan, Texas, Florida, New York, and Illinois and operates nationwide.*

* Michigan, Florida, Illinois, California, and New Jersey require bar membership to arbitrate FINRA cases in their jurisdictions. The Law Offices of Christopher H. Tovar, PLLC maintains relationships with attorneys in all 50 states and can arbitrate your case on a pro hac basis.

Tags:   FINRA broker dealer requirements FINRA broker dealer formation FINRA broker dealer registration requirements

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